Granite Creek Copper Balance Sheet Health
Financial Health criteria checks 4/6
Granite Creek Copper has a total shareholder equity of CA$7.2M and total debt of CA$386.1K, which brings its debt-to-equity ratio to 5.4%. Its total assets and total liabilities are CA$8.9M and CA$1.7M respectively.
Key information
5.4%
Debt to equity ratio
CA$386.08k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$198.59k |
| Equity | CA$7.18m |
| Total liabilities | CA$1.70m |
| Total assets | CA$8.88m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GRK's short term assets (CA$220.7K) do not cover its short term liabilities (CA$558.7K).
Long Term Liabilities: GRK's short term assets (CA$220.7K) do not cover its long term liabilities (CA$1.1M).
Debt to Equity History and Analysis
Debt Level: GRK's net debt to equity ratio (2.6%) is considered satisfactory.
Reducing Debt: GRK had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: GRK has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: GRK is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.